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Is an oral contract enforceable? In North Carolina, an oral contract is enforceable except in limited situations governed by the statute of frauds.
PROPERTY MANAGERS MUST BE LICENSED IN NORTH CAROLINA In North Carolina, a commercial or residential property manager must be a licensed real estate broker. (See G.S. 93A-2(a).) ?Managing? real property in the brokerage sense often involves the leasing or renting of property.
An unlicensed personal assistant may not perform any of the following acts or provide any of the following services: Prepare promotional material or ads without the review and approval of the licensee and supervising broker. Show property. Answer any questions on listings, title, financing, closing, etc.
There is no ?business broker? in North Carolina. However, you do need a special license to broker a business opportunity that involves the sale or lease (including subleases, lease assignments and lease renegotiations) of real estate. It's called a real estate license!
North Carolina Transaction Coordinator Since transaction coordinators are part of the closing process it's often preferred that they have a license.
In North Carolina, a Statute of Frauds requires that all contracts or agreements to sell or convey land or any interest in or concerning land, including easements, options to purchase, rights of first refusal, and certain leases, must be in writing and signed by any party against whom enforcement is sought.
Who is required to have a real estate license in NC? Any person or business entity who engages in brokerage must have a real estate license. See GS 93A-1 and GS 93A-2 for rules & exceptions.
All written agency agreements must specify a definite termination date of the agency relationship. Includes a agency disclosure, the name of all parties to the contract, terms of the listing agreements, description of the property, listing price, brokerage fee, protection.